Exchange Traded Concepts LLC Has $4.52 Million Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Exchange Traded Concepts LLC lifted its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,249 shares of the company's stock after acquiring an additional 5,373 shares during the quarter. Exchange Traded Concepts LLC owned 0.19% of Bread Financial worth $4,520,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Picton Mahoney Asset Management grew its position in Bread Financial by 2,083.3% during the 4th quarter. Picton Mahoney Asset Management now owns 524 shares of the company's stock worth $32,000 after purchasing an additional 500 shares in the last quarter. Curat Global LLC acquired a new stake in shares of Bread Financial in the first quarter worth $28,000. Pinnacle Holdings LLC purchased a new position in shares of Bread Financial during the fourth quarter valued at $46,000. Versant Capital Management Inc raised its position in Bread Financial by 182.8% during the first quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock valued at $65,000 after buying an additional 839 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in Bread Financial by 207.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company's stock worth $86,000 after acquiring an additional 941 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Stock Up 2.6%

BFH stock traded up $1.39 during trading hours on Friday, hitting $54.15. The company's stock had a trading volume of 501,540 shares, compared to its average volume of 875,197. The stock has a 50 day moving average price of $50.35 and a two-hundred day moving average price of $54.86. Bread Financial Holdings, Inc. has a 12 month low of $38.21 and a 12 month high of $66.71. The company has a market capitalization of $2.52 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 0.97 and a beta of 1.37. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.42.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.76. The business had revenue of $970.00 million during the quarter, compared to analyst estimates of $956.17 million. Bread Financial had a net margin of 5.89% and a return on equity of 12.60%. Bread Financial's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.73 EPS. On average, equities research analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial declared that its Board of Directors has authorized a share buyback plan on Wednesday, March 5th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 9th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.55%. Bread Financial's dividend payout ratio (DPR) is presently 14.92%.

Wall Street Analysts Forecast Growth

BFH has been the topic of several research analyst reports. The Goldman Sachs Group lowered their target price on Bread Financial from $68.00 to $58.00 and set a "sell" rating on the stock in a research note on Tuesday, March 18th. Jefferies Financial Group boosted their price objective on shares of Bread Financial from $45.00 to $50.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Finally, Morgan Stanley lifted their target price on shares of Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a research note on Monday, May 12th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $60.27.

Bread Financial Company Profile

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.